Stewart EFI, LLC Company Profile

Background

Founded in 1936 in New York City, Stewart EFI, LLC has evolved into one of the largest international suppliers of precision metal components. The company specializes in deep-drawn, progressive die, and slide-formed metal stamped components, wire forms, and automated assemblies. With a commitment to quality and innovation, Stewart EFI serves a diverse range of industries, including automotive, medical, electrical, electronics, HVAC, consumer goods, industrial, and defense sectors.

Key Strategic Focus

Stewart EFI's strategic focus centers on delivering high-quality precision metal components through advanced manufacturing technologies. The company emphasizes deep-drawn transfer press stamping and progressive die stamping, catering to both domestic and international markets. By maintaining a diversified product portfolio and serving multiple industrial sectors, Stewart EFI aims to strengthen its market position and meet the evolving needs of its clientele.

Financials and Funding

As of May 2025, Stewart EFI reported an annual revenue of approximately $35 million, with a workforce of around 201 employees. The company has experienced steady growth, reflecting its strong market presence and operational efficiency.

Technological Platform and Innovation

Stewart EFI distinguishes itself through its comprehensive suite of manufacturing capabilities, including:

Deep Drawn Transfer Press Stamping: Enables the production of complex, high-precision components.

Progressive Die Stamping: Allows for efficient mass production of intricate parts.

Slide-Forming: Facilitates the creation of complex shapes with high accuracy.

Wire Forms and Automated Assemblies: Enhances product offerings with additional component configurations.

The company's commitment to innovation is evident in its continuous investment in advanced manufacturing technologies and processes, ensuring high-quality production and operational efficiency.

Leadership Team

Stewart EFI's leadership team comprises experienced professionals dedicated to driving the company's growth and innovation:

Mike Morrissey: Appointed as President and Chief Operating Officer in September 2017, Mike brings a strong background in operations and financial management.

Bernard Rosselli, Jr.: Serving as Vice Chairman, Bernard has played a pivotal role in the company's strategic direction.

Manuel Campos: Promoted to General Manager of the El Paso, TX stamping operations in September 2017, Manuel oversees manufacturing processes and operational efficiency.

Steven Tooker: Elevated to Manufacturing Manager of the El Paso facility in September 2017, Steven focuses on enhancing production capabilities.

Leadership Changes

In September 2017, Stewart EFI appointed Mike Morrissey as President and COO, with all areas of the company reporting to him. Concurrently, Bernard Rosselli transitioned to the role of Vice Chairman. Additionally, Manuel Campos and Steven Tooker were promoted to General Manager and Manufacturing Manager, respectively, of the El Paso, TX stamping operations.

Competitor Profile

Market Insights and Dynamics

The precision metal stamping industry is characterized by steady growth, driven by demand from automotive, electronics, and medical sectors. Advancements in manufacturing technologies and the need for high-precision components contribute to the industry's expansion.

Competitor Analysis

Stewart EFI faces competition from several key players in the precision metal stamping market, including:

Associated Spring: A significant competitor with revenues between $100 million and $1 billion, offering a range of precision components.

Worthington Industries: A major player with revenues exceeding $1 billion, providing diversified metal processing services.

These competitors focus on similar markets and technologies, emphasizing the need for Stewart EFI to continually innovate and maintain high-quality standards to sustain its competitive edge.

Strategic Collaborations and Partnerships

Stewart EFI has engaged in strategic collaborations to enhance its global reach and capabilities:

Joint Venture in Hangzhou, China: Established to supply deep-drawn metal stamped components and assemblies to the Asia-Pacific market, strengthening the company's international presence.

Acquisition of P&J Industries' El Paso Division: In January 2008, Stewart EFI acquired the plating and metal finishing division of P&J Industries in El Paso, TX, forming Stewart EFI Finishing, LLC. This move expanded the company's capabilities in metal finishing services.

Operational Insights

Stewart EFI operates manufacturing facilities in Thomaston, Connecticut; El Paso, Texas; and Hangzhou, China. This global footprint enables the company to serve diverse markets efficiently. The El Paso facility, strategically located to supply customers in Mexico, Central, and South America, offers metal stamping operations. The Hangzhou operation caters to the Asia-Pacific region, providing deep-drawn metal stamped components and assemblies.

Strategic Opportunities and Future Directions

Stewart EFI is poised to capitalize on several strategic opportunities:

Market Diversification: By serving multiple industrial sectors, the company can mitigate risks associated with market fluctuations and tap into emerging industries.

Technological Advancements: Continued investment in advanced manufacturing technologies will enhance product quality and operational efficiency.

Global Expansion: Strengthening international partnerships and exploring new markets will further solidify Stewart EFI's global presence.

By leveraging its existing strengths and focusing on innovation, Stewart EFI is well-positioned to achieve its future objectives and maintain a competitive edge in the precision metal stamping industry.